Index predicts fast growth for Nebraska economy in second half of 2017
20 Mar 2017
Nebraska’s economic growth is predicted to be on the rise in the second half of the year, the University of Nebraska-Lincoln’s Bureau of Research reported today.
The state’s leading economic indicator rose by 2.08 percent in February after rising by a revised 1.76 percent during January, approaching the rapid growth marker.
The index, a composite of six economic factors, is used to predict economic growth in the six months ahead. The value of each factor can range from negative 2.5 percent, which would indicate rapid economic decline, to positive 2.5 percent, indicating rapid growth.
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